In the U.S., we do our interventions in a way that will be category growth driven—so they depend on innovation and retail partnerships.
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The Procter & Gamble Company 2026 Q4: Financial Performance summary
Financial Performance Summary
- Adjusted free cash flow productivity was 100% for fiscal 2026; productivity improvements across COGS and SG&A enabled higher investment in superior products/packages/brand communication.
- Core EPS was $6.89, up 1% for fiscal 2026; currency-neutral core EPS was in line with the prior year.
- Core gross margin declined 40 bps and core operating margin decreased 70 bps in fiscal 2026 (60 bps decline on a currency-neutral basis).
- Fiscal 2026 results met core objectives within initial guidance ranges despite volatile macro/geopolitical conditions.
- Organic sales grew more than 1% for fiscal 2026; volume was up modestly, pricing added 1 point, and mix was neutral (including ~40 bps headwind from product form/go-to-market portfolio choices).
- Q4: core EPS was $1.43 down 3% vs prior year (currency-neutral core EPS down 5%); core operating margin decreased 130 bps while productivity improvement was strong at 460 bps.
- Shareholder return: increased the dividend by 3% and returned over $15 billion (over $10B dividends and ~$5B share repurchases), consistent with early-year guidance.